The Cocoa and Coffee Farmers Alliance Association of Africa has identified persistent market volatility as one of the biggest threats to the sustainable development of Africa’s cocoa sector, warning that fluctuating prices continue to undermine farmers’ livelihoods and slow investment across the value chain.
In a statement on Wednesday, speaking ahead of the cocoa & coffee fiesta Lagos, Nigeria 2026, scheduled for October 7 and 8, the Global President, COCEFAAA, Adeola Adegoke, said African cocoa farmers have demonstrated remarkable resilience despite years of unstable prices that have adversely affected income, productivity and sectoral growth.
According to him, Africa remains the world’s leading cocoa-producing region, accounting for about 70 per cent of global output, yet many farmers continue to struggle with low and unpredictable returns on their investments.
“Market volatility remains a major threat to cocoa development across Africa. The constant fluctuations in prices have created uncertainty for farmers, discouraged investment
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